Friday, 19 February 2016

Construction equipment market has been witnessing strong growth over
the last few years on account of increasing demand from construction
sector across the globe. Construction equipment demand has been
increasing owing to increasing government spending on infrastructure
development including residential and non- residential projects in
emerging countries such as India, china and Brazil.

Continuous growth in infrastructure is anticipated to enhance the
application scope of construction equipment. Increasing mining
activities is the key factor expected to drive the market over the
foreseeable period. Due to the scarcity of crude oil and natural gas,
major mining industries started operating at deep sea levels.
Increasing mining activities in deep sea level and ultra-deep sea level
require advanced equipment for the safe operation of mining activities.

This requirement of advanced equipment for mining activities has been
supporting the construction equipment market growth over the last few
years and the trend is expected to continue over the forecast period.
Handling construction equipment requires skilled labor and complete
observance with safety regulations. High operating and maintenance cost
of this equipment is the key challenge for market players to handle
their working capital. Moreover, reducing green house gases emission and
meeting regulatory mandates from EPA is one of the challenging factors
for the market participants. Technological development facilitated the
real time monitoring in order to detect and monitor equipment failure.

Product Insights

Earth Moving equipment was the largest product segment in 2013 on
account of increasing demand from construction activities such as
foundation building and trench digging. Earth moving equipment mainly
comprises loaders, excavators, loaders and graders. Among all earth
moving equipments, loaders held the major share in 2013, and are
expected to hold their position over the foreseeable period. Material
handling equipment is anticipated to witness strong growth over the next
five years on account of significant growth in application areas.
Material handling materials mainly include trailer mounted cranes,
crawler cranes and truck mounted cranes.

Concrete and road construction equipment has been witnessing strong
demand over the last few years on account of increasing construction
projects across the BRICS region. Growing residential and non
residential projects coupled with increasing population in India and
China is anticipated to boost the demand for construction sector over
the forecast period. Increasing demand for construction is anticipated
to augment construction equipment market growth over the next five
years. Increasing government spending on infrastructure development
including roads, metro rails, flyovers and commercial complexes is
anticipated to surge the market growth over the forecast period.

Regional Insights

Asia pacific was the largest regional market for construction
equipment over the last few years and is expected to remain the dominant
regional market over the next five years. Increasing construction
activities on account of infrastructure development in emerging nations
such as India and China is the key factor expected to drive the market
in this region. Asia Pacific has given tough competition to well
established North America and Europe markets over the last few years.
North America has been witnessing significant growth over the recent
past on account of increasing demand from coal mining industries in this
region. Growing Infrastructure in Brazil is anticipated to boost the
construction equipment demand in the region over the forecast period.

Competitive Insights

Major market players in Europe and North America has been increasing
their investment in R&D for the development of technologically
advanced equipment to lower the production cost and meet the mandates
set forth by regulatory boards such as EPA. Major players in
construction equipment market include Caterpillar Inc., Komatsu Limited,
Hitachi Construction Machinery Co., John Deere, Terex Company and CNH
Global.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

Thursday, 18 February 2016

Increased usage across domestic as well industrial applications is
expected to positively impact the sand blasting equipment market growth
over the next six years. In 2012, the global sand blasting equipment
market was valued over USD 330 million. Further, increasing demand from
several industries including construction, aerospace and automotive is
also expected to be favorable for the market.

High investment by key market participants across robotic technology
is also expected to propel sand blasting equipment market growth over
the next six years. Unfavorable government initiatives in countries
including the UK, U.S. and Turkey, restricting the application abrasives
that are blast cleaning-based and contain over 0.1% of free silica
content may pose a challenge to the sand blasting equipment market.
Silica inhalation is hazardous to health, which causes silicosis and
several other lung diseases.

Ban on use of blast cleaning abrasives owing to the aforementioned
hazards has positively impacted the demand for other abrasive materials
such as crushed glass, shells, walnut and water. Shot blasting machines
have successfully substituted sand blasting equipment across numerous
applications so as to prevent contracting any lung disorders, which is
thereby expected to hamper market growth. Shot blasting machines use
metallic grits and shots as abrasives, making them more feasible.

Sand blasting equipment market is highly fragmented in nature, with
key industry participants investing in robotic sand blasting technology.
In addition, manufacturers emphasize on providing safety devices to
sand blasting equipment operators owing to the several health hazards
they cause. Mergers & acquisitions and alliances remain to be major
growth strategies adopted by several market players.

Product Insights

Based on target applications and size, the sand blasting equipment
market is broadly categorized into: industrial and mini machines. Mini
sand blasting equipment is portable, and are still in early growth
stage. The segment is expected to witness high growth over the forecast
period owing to substitution of manual labor along with increased
adoption of sand blasting equipment to perform repairing, rust removal,
and paint removal. In 2013, industrial machines contributed over 80% to
the overall market, which can be attributed to multiple utility
exhibited by these machines that led to their high volume purchases by
several industries. Further, these machines help businesses address many
surface preparation and metallic cleaning requirements.

Asia Pacific is expected to emerge as the most lucrative regional
market over the forecast period. This is primarily due to the increased
adoption of sand blasting equipment across end-use industries including
aerospace, construction, infrastructure and automotive. Additionally,
high demand in regions such as China, Japan and India is expected to
drive the regional sand blasting equipment market growth. North America
is also expected to exhibit growth over the forecast period owing to
increased use of this equipment across home improvement and automotive
applications.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

The rapidly increasing demand for seasonal foods and eatables in off
seasons coupled with their hygienity are the major factors driving the
global freeze drying equipment market. Dry freezing is a process of
dehydration which is also termed as lyophilisation. This process
includes the freezing of a product to eliminate the moisture which is
followed by the drying process of the product. As the growth of fungi
and bacteria is reticent in a moisture free environment, the freeze
drying equipment facilitates longer storage of the products.

The freeze drying equipments includes tubing and nozzles, freezing
chambers, various sensors, vacuum pumps and cryogenic liquid storage.The
replacement of traditional processes of drying products with the
introduction of new drying technologies is also a factor propelling the
freeze drying equipment market. The technological advancements in the
market are retaining the customers by providing various advantages such
as enhancing usability in diverging conditions and preserving the aroma
of the products.

The rapidly rising demand for preserving food with better quality and
longer life is a direct consequence of rapidly changing lifestyle
globally. A huge potential from taxidermy and eco-friendly interments
coupled with the constant increase in preservation of flowers and
leather are the major factors expected to further fuel the global freeze
drying equipment market over the forecast period.

The entire freeze drying equipment market on the basis of product
type is segmented into industrial freeze dryers, general purpose freeze
dryers, mobile freeze dryers, laboratory freeze dryers and bench top
freeze dryers. The laboratory freeze dryers segment is one of the
leading product lines owing to its increasing usage in the
pharmaceutical industry for development purposes. Bench top equipments
are also majorly used in laboratories for various biological studies by
students. Industrial freeze drying equipments are widely used for the
protection of several food products for safe consumption. The mobile
freeze drying equipments are expected to witness lucrative growth over
the forecast period owing to the portability and moisture reducing
efficiency of these equipments.

The freeze drying equipment market is segmented on the basis of
applications of the equipments into pharmaceuticals, biotechnology,
surgical procedures and food processing applications. The leather
conservation and flower preservation are other niche applications of the
freeze drying equipments. The food processing application of freeze
drying equipments attributes the largest market share due to the rapid
increase in food processing acceptance and increasing prevalence of food
processing globally. The biotechnology and pharmaceuticals segments are
expected to witness lucrative growth over next five years owing to the
continuous advancements in freeze drying technologies.

Geographically, the overall freeze drying market is segmented into
North America, Asia Pacific, Europe and RoW. As of 2013, North America
attributed the largest market share in terms of revenue due to increased
use of freeze drying equipments especially in food processing and
pharmaceuticals in this region. Asia Pacific is anticipated to grow
fastest over next five years due to emerging pharmaceuticals market and
expanding food packaging market in this region. Europe is expected to
hold steady growth in the market owing to usage of freeze drying
equipments in various applications.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

Tuesday, 16 February 2016

Pico projectors are handheld devices which are used in devices such
as tablets, mobiles phones, digital cameras, personal digital assistants
(PDAs) and phablets. Pico projectors are used to display the contents
of the device on the screen or wall by using image projector. As Pico
projectors are small in size they can be installed in devices including
digital cameras and mobile phones.

Pico projectors work by using different technologies including
digital light processing (DLP), laser beam steering (LBS) and liquid
crystal on silicon (LCoS). Digital light processing technology uses
light source and mirrors in order to limit the quantity of light
accepted by pixels on the image. Increasing convenience provided by Pico
projector is expected to provide positive avenues to the market growth.
However, decreasing pico projectors price is expected to drive the
market over the forecast period.

Increasing number of business personnel to give presentations and
reduced dependence on carrying separate devices such as computers and
others are expected to positively impact the product demand over the
next six years. A wheel between the mirrors and light source is used to
separate the light into blue, green and red.

Liquid crystal on silicon uses liquid crystal instead of mirrors in
order to limit the quantity of light accepted by pixels on the image.
Laser beam uses three sub pixel RGB laser beams which are associated
with the help of optics. Higher cost of devices which are installed with
pico projectors is likely to pose a challenge to the global market over
the foreseeable period.

Product Insight

Stand-alone projectors need an USB or external cable such as HDMI or
VGA to display the contents of the devices comprising laptops and
others. USB pico projectors are lightweight and small. Since, they do
not include battery, USB projectors require an USB port for power by an
external devices such as tablet or laptop. Embedded projectors are
mainly integrated in mobile phones.

Increasing usage of embedded projectors in laptops and digital
cameras is expected to provide positive avenues to the pico projector
market growth over the next five years. Growing Pico projectors use in
various applications including healthcare, automotive, retail and
aerospace is expected to fuel the market demand over the next five
years. Laser pico projector market is expected to grow significantly as
they provide a better color palette and the option of image enlargement.

North America was the largest market accounting for over 37% of the
share in 2013. Asia-Pacific is expected to grow significantly owing to
growing demand in countries such as India and China. Growing
infrastructure and technological advancements in developing countries
such as India and China are also expected to drive the pico projector
market in the region. Asia Pacific market is expected to experience
rapid growth on account of increasing electronic devices demand is this
region.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

High performance alloys market has been witnessing strong growth over
the last few years on account of increasing application in major
end-use industries including aerospace, gas turbines, electronics and
oil & gas. High performance alloys have ability to sustain high
temperature. Increasing high thermal resistant materials demand in
aerospace industry is anticipated to fuel the market growth over the
next six years.

High performance alloys demand is growing on account of its superior
mechanical and chemical properties including high tensile strength,
inertness towards alkaline and resistance to heat & corrosion.
Increasing application scope of high performance alloys in gas turbines
is anticipated to complement the market growth in near future.

In addition, high performance alloys are used in wind turbines owing
to their high strength and design flexibility. Growing wind energy
industry owing to meet the required energy demand is likely to drive the
global high performance alloy market over the foreseeable period.

Product Insights

Non ferrous alloys have been witnessing strong growth over the last
few years on account of increasing demand from aerospace and gas
turbines industry. Titanium and nickel which come under non-ferrous
alloys are used in the main gear box assembly of helicopter due to their
high tensile strength and modulus. However, volatile price of titanium
alloys is expected to hamper the market growth in near future.

Refractory alloys are mainly used in applications where material with
high thermal stability is required. Increasing demand for high thermal
stability materials in major end-use industries including oil & gas
and power generation is anticipated to boost the demand for high
performance alloys over the forecast period.

Platinum group metal (PGM) alloys such as Ruthenium, Rhodium,
Palladium, Osmium, Iridium and Platinum have multitude applications in
automotive, jewelers, catalysis process, glass fiber production and
laboratory crucibles. These applications of PGM alloys are expected to
fuel the market growth over the forecast period.

Aerospace industry has been the dominating application segment of
high performance alloys over the last few years, and the trend is
expected to continue over the forecast period. Growing aviation industry
coupled with increasing R&D activities is likely to impact the
market growth positively over the next few years. Gas turbines industry
is the second major application segment of high performance alloys
followed by automotive. Power generation and oil & gas industry has
been witnessing significant growth over the last few years.

Regional Insights

North America has been the largest regional market segment of high
performance alloys over the past few years, and the trend is expected to
continue over the forecast period. Owing to rapid growth in aerospace
industry in this region, demand for high performance alloys is expected
to witness significant growth over the next six years. Europe was the
second largest market followed by Asia Pacific.

Increasing gas turbines demand coupled with growing power generation
sector in Europe is anticipated to complement the market growth over the
forecast period. Furthermore, growing automobiles market in Europe is
likely to boost the high performance market demand over the foreseeable
period. In Asia Pacific, growing energy demand coupled with rapid
industrialization is expected to fuel the market growth over the next
six years.

Competitive Insights

Increasing application scope of high performance alloys in various
end-use industries including automotive, gas turbines, aerospace and
niche application like chemical and medical sector is anticipated to
open opportunities for new entrants as well as existing market players.
Key players in this market include Carpenter Technology Corporation,
Allegheny Technologies Inc, Aperam S.A. and RTI international metals.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

Monday, 15 February 2016

Global glycolic acid market is expected to witness momentous growth
owing to increasing application in major end-use industries including
personal care and household cleaning over the forecast period. Rising
concern over skin and hair problem among youth is expected to be the
major factor driving the global glycolic acid market over the
foreseeable period.

Growing anti-aging products demand among young inhabitants is further
likely to propel the market growth in the future. Glycolic acid finds
application in industrial products such as PET bottles and medical
sutures. Increasing shore up for biodegradable product is anticipated to
have positive impact on global glycolic acid market over the next six
years.

Polyglycolic acid (PGA) is a derivative product of glycolic acid, and
is used in manufacturing surgical sutures. Growing PGA demand owing to
increasing use in medical equipments is projected to compel the market
over the forecast period. Glycolic acid is used as an ingredient in
shampoos, face peels, ointments, and moisturizers. Growing personal care
products demand coupled with increasing consumer awareness toward use
of biodegradable products are expected to create an opportunity for the
market players over the foreseeable period.

Water treatment is the also one of the major end-use application
segment. Growing need of water owing to increasing population is
expected to be the major factor driving the market over the foreseeable
period. However, availability of salicylic acid as an alternative is
expected to hinder the market growth in the future.

High consumption of concentrated glycolic acid may lead to skin
burns. This hazardous factor is expected to restrain the global glycolic
acid market in the future. Household cleaner is among the key glycolic
acid application segment. Increasing household cleaner demand is further
expected to propel the market growth over the forecast period.

Glycolic acid is used as a dyeing and tanning agent in textile
industry. Growing textile industry owing to shift in fashion toward new
lifestyle is likely to propel the market growth in the future. Glycolic
acid finds application in food processing as a flavoring agent and as a
preservative. Growing packaged food demand is further expected to drive
the global glycolic acid market over the foreseeable period.

Glycolic acid often finds application in adhesives and plastics.
Increasing adhesives demand in furniture industry is likely to fuel in
market growth over the next six years. Glycolic acid is also used as
surface treatment, which finds application in tile flooring. Growing
building & construction industry in emerging economies including
Brazil, India, China, and Argentina is expected to drive glycolic acid
market in this region.

North America was major regional glycolic acid market in 2013.
Increasing medical equipments demand in U.S. and Canada is expected to
drive North America glycolic acid market over the forecast period.
Increasing packaged food consumption in U.S. is expected to be the major
factor driving the market in North America. Stringent government
regulation associated with glycolic acid for use in personal care
product is expected to restrain the market over the foreseeable period.

Europe is the second major glycolic acid market. Increasing personal
care products such as hair and skin care among young consumers in Europe
is further anticipated to drive the market growth in this region over
the forecast period. Increasing personal care concerns coupled with
changing lifestyle in countries such as India and China is expected to
drive the Asia Pacific market over the foreseeable period. Growing
textile industry owing to increasing population in emerging nations of
Asia Pacific is expected to propel the market growth in this region over
next six years.

Global glycolic acid market is highly dominated by top players.
DuPont is among the top players operating in the global market. Some
other key players operating globally include CrossChem LP, Phibro Animal
Health Corp., Chemsolv Inc., and Parchem.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.

Castor oil and derivatives market has been growing at a good pace
over the past few years on account of growing demand for bio-degradable
products. Increasing environmental concerns is the key factor expected
to boost the market over the foreseeable period. Stringent regulation
from government boards including EPA and PNGRB to limit the usage of
traditional petrochemicals resulted in shift in focus towards castor oil
and its derivatives.

This shift in focus is likely to create an opportunity for the market
players. Volatile price of petrochemical is the other key factor which
is expected to surge the demand for bio-degradable products over the
foreseeable period. Bio-degradable products demand is presume to drive
castor oil and derivatives market growth over the next six years.

Global castor oil market is also expected to witness strong growth on
account of increasing demand from automotive sector across the globe.
Increasing application scope of castor oil and derivatives in major
end-use industries including pharmaceuticals, cosmetics & personal
care and plastics & resins is expected to fuel the market growth
over the forecast period. However, increasing prices of raw materials
including castor seeds coupled with low prices of other renewable
chemicals is anticipated to impact the market negatively over the
forecast period.

Product Insights

Sebabic acid is the major product segment of castor oil &
derivatives followed by caster wax and dehydrated castor oil. Sebabic
acid has found large number of applications in major industries, which
is expected to drive the market over the forecast period. Castor oil
& derivatives market is expected to witness strong growth over the
next six years owing to increasing application scope of caster wax in
cosmetics and personal care products.

Application Insights

Cosmetics and health care industry was the largest application
segment for castor oil & derivatives market over the last decade,
and the trend is expected to continue over the forecast period.
Increasing R&D activities in health care to broaden the application
of bio-based products in this segment is the key factor expected to
drive castor oil & derivatives market over the next six years.
Surface coating is anticipated to witness strong growth over the
forecast period owing to increasing demand from construction sector
across the globe.

Asia pacific was the largest market for castor oil and its
derivatives over the last decade in terms of production and exports.
India is the largest producer of castor oil followed by China.
Increasing demand from end use industries including personal care,
pharmaceuticals and lubricants is anticipated to surge the market growth
over the next six years in this region.

North America was the largest consumers of castor oil and its
derivatives owing to increasing demand for bio degradable products in
cosmetics and pharmaceuticals. Europe castor oil market is expected to
witness significant growth over the foreseeable period owing to
increasing bio diesel demand coupled with stringent regulations from EPA
to reduce the usage of traditional petrochemicals.

Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.